Prime Mining Announces CEO Succession

Scott Hicks Appointed CEO and Director, Daniel Kunz to Retire

VANCOUVER, British Columbia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) announces that CEO Daniel Kunz is retiring effective February 1, 2024, and Mr. Scott Hicks, EVP, will succeed him as Chief Executive Officer at that time and has been appointed to the Board of Directors effective today. The seamless leadership transition completes a succession plan developed by the Board of Directors following Mr. Hicks’ appointment as Executive Vice President of Prime on August 17, 2022. Mr. Kunz will remain a Strategic Advisor and member of the Board. Mr. Kunz and Mr. Hicks will continue to work closely together.

Daniel Kunz was appointed Chief Executive Officer and Director on June 15, 2020, after serving as Executive Chairman. Since then, he has overseen significant milestones in the Company’s advancement, which in 2023 included Prime’s graduation to the main board of the Toronto Stock Exchange, its updated Mineral Resource Estimate for the Los Reyes Project and its inaugural Sustainability Report, as well as significant financings.

Mr. Kunz remarked, “Andy Bowering and I worked together to create this valuable company and I now leave the CEO role in Scott’s capable hands. As a shareholder, I am looking forward to an exciting 2024 at the Los Reyes gold-silver project as I pursue my other interests.”

Murray John, Chair of Prime’s Board of Directors, stated, “On behalf of the Board of Directors, I would like to thank Dan for his leadership of Prime. His extensive experience in the development and financing of global resource projects has enabled Prime to advance to its current stage. He leaves the Company in a strong financial position, with the people and platform in place for future growth.”

Scott Hicks brings over 20 years’ industry experience to Prime, as an executive, finance professional and engineer. Prior to joining the Company, he served as Senior Vice President of Technical Services with Kinross Gold Corp., with global responsibility for strategic planning, resource and reserve calculations, project studies, business development and talent management. He also held positions of increasing responsibility with Inco Ltd. and Vale in the areas of corporate development, strategic planning and financial evaluation, including several years in Indonesia at one of the world’s largest integrated nickel operations. Mr. Hicks holds a Bachelor of Applied Science in Mining Engineering from Queen’s University in Kingston, Ontario, is a Professional Engineer and a Chartered Financial Analyst (CFA) Charterholder.